The local consensus is that growth will continue, with the opening of the new university etc. But locals would like to think that. I am worried that roadworks have caused temporary demand (particularly rental) that will revert. But I am looking to hold for 8-10 years.

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Growth will continue I'm sure, but over the past 10+ years there has been no single year where growth even managed to get into double digits.

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Do you think that this would indicate that it is ready for some double didgit growth?
My thoughts are that port was probably due in the above 10 years, but the gfc would have hindered many people from the sea change retirement.

Depends on what you buy. I owned a 3 bed unit in Port in a good complex close to the beach and sold it last year for less than I paid for it. And it wasn't a stupid buy in the beginning. It was just a case of more buildings getting built i.e. more supply.

Depends on what you buy. I owned a 3 bed unit in Port in a good complex close to the beach and sold it last year for less than I paid for it. And it wasn't a stupid buy in the beginning. It was just a case of more buildings getting built i.e. more supply.

No, near Town Beach. Corner of William and Joffre Streets.
Flynns Beach is my preferred one for a swim, though. It's one of the nicest beaches I have ever seen.

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A lot of multiplexes near Town Beach. Love taking photographs there at sunrise or sunset. We have visited and stayed in Flynns and loved it there. Always visit friends in Lake Cathie. Back to Port Macquarie I have looked at properties there during my visit, apart from tourism I don't know much about thelocal economy. It seems the prices are about the same as central coast? It's a small town in my opinion.

Port would be a good place to retire to, I reckon. But from an investing perspective, it's way too far from Sydney to benefit from any ripple effect. There was a company selling blocks at an estate on the highway a few years ago and boasting that that they were less than 15 minutes drive to the beach. In places like that, if you are more than a 5 minute walk to the beach, you are too far out.

But from an investing perspective, it's way too far from Sydney to benefit from any ripple effect. There was a company selling blocks at an estate on the highway a few years ago and boasting that that they were less than 15 minutes drive to the beach. In places like that, if you are more than a 5 minute walk to the beach, you are too far out.

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Not in the low end of the market. But over 500k I reckon it is a bit inflated by the sea changers. Absolutely re distances, I am living and looking to buy in Flynns, "5 mins drive from town" but I'm thinking it's far out because I can't literally stumble home from the pub....

I have a friend who lives in one of the small towns adjacent to Port Macquarie and she says unemployment is a big problem unless you work for either the health system or the university. She also said that theft from cars was an issue around the town, especially in the beach-side car parks.

I have a couple of villas I built 18 months ago an hour south of port, I ordered a val at completion which came in at $x in one line with a note that they would be worth $320k each if on separate titles. 6 months on they were valued at $350k each. That was 3 months ago and I have seen a few sales/comparables getting $360/370 now

There are no real growth drivers there, I think it's a combo of low rates and Sydney siders selling and moving up.

Similar thing happened around 2003. Dad built a couple of 3 bed villas, was offered $220k at start of build and nearly took it - he said he sensed something was happening. He sold 12 months later for about $300k. He told me later 'I don't know what happened and nobody saw it coming'

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